Green Dot, a digital-image search company founded by three former Microsoft employees and a former Microsoft software developer, has raised $7 million in a Series B round led by SoftBank, according to people familiar with the matter.
The funding comes in a $4 million Series A round led in June by Microsoft Ventures.
The company said on Monday that it was launching an Indiegogo campaign in the coming days to raise money for its first products.
The deal will enable Green Dot to expand into the US and UK, the people said.
The $7.5 million funding round was led by Accel Partners, a venture capital firm based in New York.
Accel’s co-founder, Richard Boulton, has long been a strong supporter of digital search and said at the time that Green Dot would use its technology to bring the search giant’s services to more people, like teachers, students, teachers in school and others.
The money will be used to expand Green Dot’s reach, including expanding the number of products it offers, and to accelerate its adoption in schools, the company said in a statement.
The new round will also fund the company’s expansion into India.
Earlier this year, Green Dot announced a $2 million Series B led by Alibaba Group Holding Ltd.
The Chinese company also recently launched a $1 million Series D round led to by Fidelity Investments.